The document focuses on the implementation of policies for employees when transferring State businesses and one member limited liability companies with all chartered capital invested by State enterprises into joint stock companies.

The VSS ordered the aforementioned social security agencies to implement the following requirements:

The collection of social insurance, health insurance, unemployment insurance, work injuries and occupational disease insurance should be based on approved equitisation plans to:

Review and compare the lists and records of social insurance participation of employee with data managed by social insurance agencies and adjusted if there are any mistakes.

Make reports confirming the payment of social insurance, health insurance, unemployment, work injuries and occupational disease insurance premiums of businesses and a detailed list of employees joining social insurance, health insurance, unemployment insurance, work injuries and occupational disease insurance, and debts up to the time of equitisation.

Send written notices of the amount of social insurance, health insurance, unemployment insurance, labour incident and occupational disease insurance debts to the steering committee of equitisation, representative agencies of enterprises, superior management agencies and People’s Committees of centrally-run cities and provinces where enterprises’ headquarters are located.

Work with the steering committee of equitisation and relevant local agencies (departments of planning and investment, tax agencies and courts) to take measures to collect social insurance, health insurance, unemployment insurance, work injuries and occupational disease insurance debts in line with law.

Transfer management codes for equitized businesses to continue with management of collection of social insurance, health insurance, unemployment insurance, work injuries and occupational disease insurance premiums.

Regarding noting the confirmation on social insurance record, it is recommended to follow the provisions of Article 46 of Decision No.595/QD-BHXH dated on April 14, 2017 of the Vietnam Social Security on the process to collect social insurance, health insurance, unemployment, work injuries and occupational disease insurance premiums, and manage social insurance books and health insurance cards.

About social insurance policies for equitised enterprises with redundant employees subject to Article 43 of the Government’s Decree No.126/2017/ND-CP, it is recommended to base decisions on the payroll streamlining policies for officials and public servants and VSS guidance to ensure benefits for workers.

To implement social insurance policies for redundant employees due to transferring State enterprises and one member limited liability companies with all chartered capital invested by State firms into joint stock companies, the VSS also required social insurance agencies of centrally-run cities and provinces, the Ministry of National Defence and the Ministry of Public Security to base decisions on legal regulations on social insurance and the Government’s Decree No.126/2017/ND-CP as well as the VSS; guidance to implement the policies in a timely manner./.